Washington state is the second U.S. state to have a competitive election for its insurance commissioner.
Until May,
Kuderer and Fortunato have both been state senators since 2017. The current commissioner, Mike Kreidler, who has served in the role since 2001,
Before the wildfires, California decided to pass on reinsurance costs to policyholders. After the fires, California is considering catastrophe bonds to help shore up the state's insurer of last resort. A consumer advocate says these measures concentrate too much risk locally and do not improve home insurance availability.
Sure, an embedded software insurtech, started on an airplane.
Regulator says it will rule urgently; Consumer Watchdog says insurer must disclose more information to justify an increase.
(Bloomberg) --State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten its balance sheet and the broader insurance market.
Exploration of the root causes of the workforce gap and potential solutions to bridge it.
Terms of home insurance policies and rising construction costs will affect how those who lost their homes in the Los Angeles wildfires can rebuild.
